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Industrial market The Clarksvillse market is currently in the best Once gets upand running, bulk space in Clarksville will be hard to come by and will probably create speculative and build-to-suit opportunities along Interstate 24 betweeh Nashville and Clarksville. The I-24/La Vergne corridor is somewhat and the characteristics that contributed to itssustainability — proximity both to Metro Nashville and to I-24 — alloq it to maintain solid, if not occupancy. The state Route 840/Beckwith Road sector in Wilson County isless mature. Vi-Jon’s lease at Rockdale but more than 2 million squarwe feet of speculative space vacancyg remains inthat submarket.
Retail marke t We have been very encouraged by the continued activity in the especially with regard to the uniqud new restaurants and retailera that are moving full steamn ahead withplanned developments. Urban Flats Flatbreard & Wine Co. is nearing completion, Cantina Laredo’d restaurant buildout is underway, and Casablancsa Coffee will startconstruction shortly. The Urban Outfitteres retail construction is reallycoming along, right on schedule.
Even in a challengingg economy, quality tenants like these are attractes to the Gulch forits energy, which is uniqude to Nashville — an urba mixed-use neighborhood where people can live, work, shop and be Senior vice president | Cool Springws market The Class A officse market in Cool Springs is not only holding up during this tougg economy, it is expanding. Because we offer what is not readilyuavailable elsewhere. When Crescent Resourcew started developing in Cool Springs in there was no Class Aoffice market. (Cool Springs) remains the leading provider todayby far.
Cool expansion is being fueled by existinyg growth companies inWilliamsonb County, as well as relocations from Nashville, Brentwoodr and out of state. With nearly 7.5 million squarw feet, businesses have numerous option from existing spaceor second-generationj space ranging in size from 12,000 square feet to a full 200,000-square-foof building. Richard Fleming Sr. Principal, office building specialistg | Nashville-area office market In the office Cool Springs continues to dominate in 2008with 850,000 square feet of new office space being, not only but 100 percent leased. This accounted for almost 85 percen t of all leasingactivity city-wide.
In the recent Cool Springs has been the submarkeyt of choice for large corporated users due to the supply of modernoffice buildings, the proximityy to executive housing and the best public This trend may shift in 2009 due to tenantes downsizing and desire to reduce occupancy Sublease space will become the new sourcew of supply for the next few years.